Crossword Genius

Having downed last of grappa, using neat rum is thus! (10)

Ross

I believe the answer is:

nauseating

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'having' is the definition.
The answer and definition can be both to do with perception as well as being present participle verbs.
Perhaps they are linked in a way I don't understand?

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for nauseating that I've seen before include "Stomach-turning" , "arousing unpleasant feeling" , "Revolting" , "being hard to keep down" , "Loathsome" .)

I've seen this clue in The Independent.
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